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Dedicated to fostering long-term partnerships through identifying the needs of a community and applying experience.

The Watermark | Tempe, AZ



Fenix Development Inc. is a privately owned real estate investment and development company, founded in 1995 and is based in Los Angeles, California.


Fenix Development is an “investment builder” and investor in value-add and opportunistic assets. Fenix Development has successfully developed and repositioned retail, office, and multi-family projects in Southern California, Las Vegas, and Phoenix.  


The company’s core investment strategy is centered around creating a vision for specific investment opportunities with potential for significant capital appreciation through land entitlement, development, repositioning and creative design.


Fenix Development is a vertically integrated real-estate development company. Its executive group has over 100 years of combined experience in real estate investment, development, and management. Fenix Development manages the development and investment process from acquisition, planning, and entitlement to construction and disposition.


Fenix’s principals are actively involved in the operations of assets with a current market value in excess of $250,000,000 and pending development projects with an estimated value of $150,000,000.


David Norouzi, the President of the company, has been licensed as a real-estate broker in the State of California since 1988 and an attorney in the State of California since 1989. Additionally, he is an active member of the Urban Land Institute, ICSC, and CCIM. David is also a certified ICSC Construction Development Specialist. David earned his Bachelors of Science in Finance from University of Southern California, and his Juris Doctorate from the University of San Diego, where he graduated at the top of his class.


The Fenix Advantage


Value Creation



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